Burlington Stores, Inc.

Burlington Stores Inc. has joined the cadre of profitable off-price retailers in the second quarter with a round of impressive sales results.

The company swung to a net income of $10.9 million in the second quarter of fiscal 2015 from a net loss of $6.47 million the same quarter of last year. Decreases in stock option and interest expenses, as well as some impairment charges, helped bring Burlington to profitability.

Net sales rose 10% to $1.14 billion from $1.04 billion, while same-store sales grew 5.6%.

Retail consulting firm McMillanDoolittle, Chicago, weighs in on its blog with three reasons why any retailer using the practice of “on-call” labor scheduling should end it immediately.

Burlington, Ontario -- Ikea Canada announced the national rollout of electric vehicle charging stations at each of its 12 stores across Canada.  

The rollout, set to be completed by late August of this year, is the first national installation of EV charging stations in Canada by a retailer at all of its locations.

New York -- The off-price segment is on fire, but newcomers to the sector should watch out, warns a report by Moody’s Investors Service.

The U.S. off-price apparel and home products segment continues to grow rapidly as consumers who developed a taste for cheaply priced luxury goods during the recession keep up their hunt for bargains, Moody's Investors Service said in a new report.

Burlington, N.J. – Aided by reductions in areas such as interest expense, debt extinguishment and stock option modification, Burlington Stores Inc. more than doubled its net income to $25.69 million in the first quarter of fiscal 2015 from $11.77 million the same period a year earlier. The company plans to open 25 stores during fiscal 2015.

Menomonee Falls, Wis. -- Kohl’s Corp. confirmed reports that it will soon begin testing a highly discounted format, called "Off Aisle by Kohl’s,” with a store set to open in early June in Cherry Hill, New Jersey.

Photo: Stefan Sjostrand, managing director, Ikea Canada

Macy’s will finally unveil its off-price business model in the fall by opening four new stores in the New York City area under a name that might not be so unfamiliar to loyal customers.

Major shopping center openings in 2014 beg the question, “Are we back on track?”

Last year may be the first 365-day period since the Great Recession that there is enough new shopping center space to crow about.

Chain Store Age’s annual development survey — spanning 26 years — reported pretty spotty new-build efforts from 2009 to 2013, but in 2014 some significant projects opened.

York, Pa. – The revamped West Manchester Town Center is announcing the latest group of retailers to open there. DSW Inc. and Charming Charlie both opened in April, with GNC and Kay Jewelers expected to open in May.

Ann Taylor Loft GameStop, Kirkland’s and Petco each opened during the winter months. Mall anchors Kohl’s, Regal Cinemas and Wal-Mart, along with Artesian Pools & Spas and USA Optical, have remained open throughout construction.